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cliff. >>> and a highway tunnel comes crashing down while cars are inside, igniting a fire. several people may still be trapped. [ gordon ] for some this line is a convenience. how you doing today? i'm good thanks. how are you? i'm good. [ gordon ] but for others, it's all they can afford. every day nearly nine million older americans don't have enough to eat. anything else? no, not today. join me, aarp, and aarp foundation in the drive to end hunger by visiting drivetoendhunger.org. i'm going to dream about that steak. i'm going to dream about that tiramisu. what a night, huh? but, um, can the test drive be over now? head back to the dealership? [ male announcer ] it's practically yours. but we still need your signature. volkswagen sign then drive is back. and it's never been easier to get a passat. that's the power of german engineering. get $0 down, $0 due at signing, $0 deposit, and $0 first month's payment on any new volkswagen. visit vwdealer.com today. but when i was in an accident...
cliff. >>> and a highway tunnel comes crashing down while cars are inside, igniting a fire. several people may still be trapped. [ gordon ] for some this line is a convenience. how you doing today? i'm good thanks. how are you? i'm good. [ gordon ] but for others, it's all they can afford. every day nearly nine million older americans don't have enough to eat. anything else? no, not today. join me, aarp, and aarp foundation in the drive to end hunger by visiting drivetoendhunger.org....
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new developments tonight in the fiscal cliff negotiations. republicans are pushing back hard. against president obama and the democrats over what will be in whatever deal they craft to avoid the implementation of the automatic spending cuths and tax increases. chief white house correspondent ed henry is live with details. good evening, ed. >> tonight we have new details of exactly what treasury secretary geithner laid out to republicans in the big meeting earlier today is. the republican aides tell mike emanuel there was a lot of detail about the new tax increases. $1.6 trillion in new tax increases from the new rate, capital gain, dividends as well. new spending, starting with $50 billion next year. the white house is countering that is leftover stuff from the president american jobs act. not really spending. nonetheless, the republican aides on the hill saying this is a nonstarter to them. white house aide i just spoke to said that this is not new. this is the president's original budget framework going to september of 2011. they say inside the white house tonight the real p
new developments tonight in the fiscal cliff negotiations. republicans are pushing back hard. against president obama and the democrats over what will be in whatever deal they craft to avoid the implementation of the automatic spending cuths and tax increases. chief white house correspondent ed henry is live with details. good evening, ed. >> tonight we have new details of exactly what treasury secretary geithner laid out to republicans in the big meeting earlier today is. the republican...
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when it comes to just pure optics of the house leaving with the fiscal cliff right in front of us -- >> i'll be here and i'll be available at any moment to sit down with the president to get serious about solving this problem. >> in fact, sending lawmakers home is a way for house republicans to illustrate their current message, your move, mr. president. >> we need a response from the white house, we can't negotiate with ourselves. >> john boehner made a point at expressing dismay the president hasn't responded two days after the republicans sent him a fiscal cliff counteroffer. >> if the president doesn't agree with our proposal and our outline, i think he's got an obligation to send one to the congress. and a plan that can pass both chambers of congress. >> by trying to keep gop frustration on the president, boehner appears to be keeping conservative lawmakers off his own back for now. >> what's mood inside the conference. >> very united, very supportive with the speaker. >> multiple sources tell cnn in a private meeting with house republicans, boehner got no flow back for producing
when it comes to just pure optics of the house leaving with the fiscal cliff right in front of us -- >> i'll be here and i'll be available at any moment to sit down with the president to get serious about solving this problem. >> in fact, sending lawmakers home is a way for house republicans to illustrate their current message, your move, mr. president. >> we need a response from the white house, we can't negotiate with ourselves. >> john boehner made a point at...
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fiscal cliff. the president says the republicans have to agree to raising the marginal tax rate for the wealthiest top 2% from 35%. does he mean it has to go back up to 39.6% as was the case during the clinton administration or is there some wiggle room in between 35% and 39.6%? >> the president has repeatedly said there's room for compromise. but what this boils down to is a matter of fairness and a matter of math. giving certainty to the middle class is essential. there's no way mathematically, if you look at the republican's proposal, that you can get to the deficit reduction that we need to with preserving the middle class tax cuts by not increasing as the republicans refuse to do the upper tier rates. there's room for discussion, but that -- >> so the 39.6%, that's not a red line? >> as far as i know and the conversations i've had, the president has said there's room for compromise, but for the red line to be drawn in the sand by republicans to say that an increase in rates on the wealthiest a
fiscal cliff. the president says the republicans have to agree to raising the marginal tax rate for the wealthiest top 2% from 35%. does he mean it has to go back up to 39.6% as was the case during the clinton administration or is there some wiggle room in between 35% and 39.6%? >> the president has repeatedly said there's room for compromise. but what this boils down to is a matter of fairness and a matter of math. giving certainty to the middle class is essential. there's no way...
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and the fiscal cliff is negotiated, let's hope so, with some sort of solution. this issue is an issue for later in 2013 or maybe even in the second year of an obama administration, because the prospects of making it work now, michael, are slim to none. >> and so it goes on when it comes to israeli palestinian conflict. thanks so much. good to get your thoughts. aaron david miller from the woodrow wilson international center. good to chat with you. >>> the u.s. has fought a hard battle against terrorism over the years and its primary opponent has been recently al qaeda. now we are learning more about the activities of one of its affiliates, a dangerous one in yemen. we'll have a live report. do stay with us. you won't take my life. you won't take our future. aids affects us all. even babies. chevron is working to stop mother-to-child transmission. our employees and their families are part of the fight. and we're winning. at chevron nigeria, we haven't had a reported case in 12 years. aids is strong. aids is strong. but we are stronger. and aids... ♪ aids is goi
and the fiscal cliff is negotiated, let's hope so, with some sort of solution. this issue is an issue for later in 2013 or maybe even in the second year of an obama administration, because the prospects of making it work now, michael, are slim to none. >> and so it goes on when it comes to israeli palestinian conflict. thanks so much. good to get your thoughts. aaron david miller from the woodrow wilson international center. good to chat with you. >>> the u.s. has fought a hard...
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for the first time, we're getting a look at what the white house is offering to stop the fiscal cliff stalemate. drastic mandatory tax hikes and spending cuts will kick in with the new year unless the white house and the republicans can reach a deal. for weeks, gop lawmakers have said we're just waiting for the white house to give details, specifics, some numbers. well, tonight that's happened. the white house is calling their bluff and they've laid out how they want to cut the debt. jessica yellin is over at the white house for us tonight with new developments. jessica, what are the specifics of this offer tonight? >> reporter: hi, wolf. according to senior officials on both sides of the aisle, the president is asking for $1.6 trillion in new taxes. that includes raising taxes for families who make $250,000 or more. you'll recognize that as a pledge from his campaign. and it also includes limiting deductions and loopholes as well as other changes to capital gains and dividends taxes. well, that is the headline for republicans, wolf, who say it is far more money in tax rates than they
for the first time, we're getting a look at what the white house is offering to stop the fiscal cliff stalemate. drastic mandatory tax hikes and spending cuts will kick in with the new year unless the white house and the republicans can reach a deal. for weeks, gop lawmakers have said we're just waiting for the white house to give details, specifics, some numbers. well, tonight that's happened. the white house is calling their bluff and they've laid out how they want to cut the debt. jessica...
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jenna: with the united states heading towards that fiscal cliff house republicans are now offering up a plan of their own to avert that combination of spending cuts and tax hikes. it's set to welcome us all on january 1st if they don't have an agreement. i'm jenna lee. jon: some kind of welcome that would be. i'm jon scott. within hours of seeing the proposal the white house slammed the g.o.p. offer saying quote their plan provides nothing new and provides no details on what deductions they'll limb nature, loopholes they will close or which medicare savings they would achieve. house speaker john boehner inc insists his offer is the best one on the table calling it a credible plan that deserves serious consideration by the white house. jenna: mike emanuel is with us. certainly a challenge to find this ideal plan. what is holding it up. >> reporter: the chairman of the senate budget committee wants a large come proceed hence i have deal in the range of $5 trillion and says a grand bargain can get done if everybody kaoels cool and doesn't overreact to every valley over the net. he this i
jenna: with the united states heading towards that fiscal cliff house republicans are now offering up a plan of their own to avert that combination of spending cuts and tax hikes. it's set to welcome us all on january 1st if they don't have an agreement. i'm jenna lee. jon: some kind of welcome that would be. i'm jon scott. within hours of seeing the proposal the white house slammed the g.o.p. offer saying quote their plan provides nothing new and provides no details on what deductions they'll...
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just 28 days to go before the fiscal cliff deadline, today house republicans sent the president a counter-offer, calling for big cuts to entitlement spending, and no new taxes on the wealthy. >> tom: i'm tom hudson. auto sales speed up in november, with buyers taking advantage of ultra-cheap financing to ditch
just 28 days to go before the fiscal cliff deadline, today house republicans sent the president a counter-offer, calling for big cuts to entitlement spending, and no new taxes on the wealthy. >> tom: i'm tom hudson. auto sales speed up in november, with buyers taking advantage of ultra-cheap financing to ditch
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taking the next step, house republicans put forward their plan to avoid the fiscal cliff. proposal quickly dismissed by democrats and the white house. eu finance ministers trying to come to an agreement on a european banking union. this as the ecb vice president says appointment of the supervisory board should be decided by central bank itself. and australia central bank has cut interest rates to match their low he is level since the financial crisis in a bid to try to get ahead of sluggish commodities demand. very good morning to you. kelly away all week. we seem to be on different schedules. pretty disappointing ism manufacturing. lowest in three years. today called slightly higher, 12 1/2 pounds. a flat tisch day yesterday for the ftse. just up four points. ftse and dax up 9 and 10 out of the last 11 trading days. dock 40 up on 0.7%. ibex up two thirds. the white house and leading democrats have dismissed the latest proposal by republicans suggesting it didn't address the president's pledge to hike taxes on the wealthy. the plan would generate $800 billion in into tnew
taking the next step, house republicans put forward their plan to avoid the fiscal cliff. proposal quickly dismissed by democrats and the white house. eu finance ministers trying to come to an agreement on a european banking union. this as the ecb vice president says appointment of the supervisory board should be decided by central bank itself. and australia central bank has cut interest rates to match their low he is level since the financial crisis in a bid to try to get ahead of sluggish...
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house republicans today did offer a counter proposal on the fiscal cliff. their plan, $2.2 trillion deficit savings over the next decade, but it does not include higher tax rates for the wealthy. the house speaker john boehner calls it a credible plan that deserves serious consideration by the white house. guess what? the white house released a statement tonight saying the plan is nothing new, that it lowers rates for the wealthy and sticks the middle class with the bill. so to borrow a phrase, we're nowhere. period. david walker is president and ceo of comeback america initiative. he's made it his mission to promote fiscal responsibility. he joins us along with cnn political analyst, david gergen. david walker, let me start with you. the house republicans put forward their counter proposal. speaker boehner says it's credible and the white house should consider it. is it credible or is it more of what you have called the irresponsible unethical immoral behavior of all the politicians here in washington? >> i think both sides are now putting things on the ta
house republicans today did offer a counter proposal on the fiscal cliff. their plan, $2.2 trillion deficit savings over the next decade, but it does not include higher tax rates for the wealthy. the house speaker john boehner calls it a credible plan that deserves serious consideration by the white house. guess what? the white house released a statement tonight saying the plan is nothing new, that it lowers rates for the wealthy and sticks the middle class with the bill. so to borrow a phrase,...
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get the blue. >>> the white house has just responded to the new fiscal cliff offer from house republicans. let's bring in our chief white house correspondent jessica yellin. jessica, how's the response? >> reporter: hi, wolf. it should not be a surprise that the white house is dismissing the house republicans' offer as an unserious offer because it does not address a raise in tax rates. here's a statement from dan pfeiffer, the communications director here at the white house. he says in a statement in part, quote, the republican letter released today does not meet the test of balance. in fact, it actually promises to lower tax rates for the wealthy and sticks the middle class with the bill. the republicans' plan includes nothing new and provides no details on which deductions they would eliminate, which loopholes they will close or which medicare savings they would achieve. he goes on to say, until the republicans in congress are willing to get serious about asking the wealthiest to pay slightly higher tax rates, we won't be able to achieve a significant, balanced approach to reduce our d
get the blue. >>> the white house has just responded to the new fiscal cliff offer from house republicans. let's bring in our chief white house correspondent jessica yellin. jessica, how's the response? >> reporter: hi, wolf. it should not be a surprise that the white house is dismissing the house republicans' offer as an unserious offer because it does not address a raise in tax rates. here's a statement from dan pfeiffer, the communications director here at the white house. he...
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the fiscal cliff counter offer is eliciting a get-real from the white house. we will ask tax master grover norquist about the prospect of a republican solution that actually involves tax increases. after that, ezra klein breaks down the offer and we will discuss today's pow wow between state governors and president obama and what it pore tends for the 21 million americans hoping for health care and "the new york times" frank bruney weighs in on doma and cage for marriage equality when "now" starts in just three minutes. n't my daughs black bean soup spectacular? [ man thinking ] oh, this gas. those antacids aren't working. oh no, not that, not here! [ male announcer ] antacids don't relieve gas. gas-x is designed to relieve gas. gas-x. the gas xperts. gas-x is designed to relieve gas. when you lost the thing you can't believe you lost.. when what you just bought, just broke. or when you have a little trouble a long way from home... as an american express cardmember you can expect some help. but what you might not expect, is you can get all this with a prepaid
the fiscal cliff counter offer is eliciting a get-real from the white house. we will ask tax master grover norquist about the prospect of a republican solution that actually involves tax increases. after that, ezra klein breaks down the offer and we will discuss today's pow wow between state governors and president obama and what it pore tends for the 21 million americans hoping for health care and "the new york times" frank bruney weighs in on doma and cage for marriage equality when...
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is the white house about avoiding the fiscal cliff?" reports suggest, in some cases, not so serious. and also, joanne, what is the strategy here, and is there a risk like looking like you're not really negotiating? >> well, you know, i think what's interesting is that there's the posture that everyone is taking in public, but then what you're hearing behind the scenes is that everyone's sort of understands what the contours of the deal are going to look like. and what i see is john boehner trying to sort of protect his caucus at this point because he probably understands that at the end of the day, that top rate is going to go up. and republicans are in a really awkward position because right now essentially they're just defending the tax cut for the top 2%. at the same time, the white house's public posture is to say well, no, we don't want to go over the fiscal cliff because you don't want to send that message to the markets. but then behind the scenes you sort of get the feeling they'd be willing to do it and they'd be okay at least
is the white house about avoiding the fiscal cliff?" reports suggest, in some cases, not so serious. and also, joanne, what is the strategy here, and is there a risk like looking like you're not really negotiating? >> well, you know, i think what's interesting is that there's the posture that everyone is taking in public, but then what you're hearing behind the scenes is that everyone's sort of understands what the contours of the deal are going to look like. and what i see is john...
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this is a so-called fiscal cliff. january 1st. our news makers representative jim clyburn of south carolina, number three democrat in the house of representatives and number one i'm sure to a lot of people. hello. how are you? >> hey, don. thank you so much for having me. >> thanks for coming on. is speaker boehner right, though? as the clock is ticking, ticking toward january 1st, the talks haven't progressed in two weeks. is he right? >> well, i don't know that i'm as disappointed as the speaker is right now. i understand some of his problem with this. but the fact of the matter is the american people ended elections on november 6th, voiced their approval of president obama's approach to this. over 3 million more people voted for him than voted for mr. romney. and then if you look at house democr democrats. only 201 of us got eelected. that means the rest were republicans. >> i understand that. >> but over 500,000 more votes than they got -- >> with all due respect, representative, we understand that the president won and you fe
this is a so-called fiscal cliff. january 1st. our news makers representative jim clyburn of south carolina, number three democrat in the house of representatives and number one i'm sure to a lot of people. hello. how are you? >> hey, don. thank you so much for having me. >> thanks for coming on. is speaker boehner right, though? as the clock is ticking, ticking toward january 1st, the talks haven't progressed in two weeks. is he right? >> well, i don't know that i'm as...
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that wa house speaker john boehner today putting to rest the idea that a fiscal cliff deal is on its way. some angry lawmakers are now saying the last three weeks have been a complete waste and that president obama's new detailed proposal is a total non-starter. hedge fund manager jonathan hoenig agrees. he joins us to tell us why he thinks the president's plan rests entirely punishing the minority, that is the rich. thanks for having you back on the show. >> hello, melissa. melissa: this is depressing topic you will make it light and happy for us somehow. >> there is nothing happy about wealth destruction that is exactly what president is doing. you raised a very important point. why is it the president's plan to fix the economic calamity specifically reinvolves hurting minority, as you point out the so-called rich? redistribution is once again the center of his proposal. it is not only immoral but impractical as well. we're talking about 1.6 dro trillion coming out of the economy, coming out of invests, not being put into new jobs and new businesses being sent to washington instead
that wa house speaker john boehner today putting to rest the idea that a fiscal cliff deal is on its way. some angry lawmakers are now saying the last three weeks have been a complete waste and that president obama's new detailed proposal is a total non-starter. hedge fund manager jonathan hoenig agrees. he joins us to tell us why he thinks the president's plan rests entirely punishing the minority, that is the rich. thanks for having you back on the show. >> hello, melissa. melissa: this...
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with the fiscal cliff pr campaign. he is meeting with a middle class family in northern virginia, and the white house says the president is going to talk about his efforts to extend tax cuts for the middle class as part of this debt deal. well, some economists are predicting that the country will go into another recession if this debt deal is not reached. any deal that the lawmakers and white house come up with is also going to have a major impact, so joining us to talk a little bit about it, peter morrissey. he is a business professor at the university of maryland, and our own chief business xhnt ali velshi. you wrote something, an article here, predicting that these tax hikes, the spending cuts likely in the debt deal, could push unemployment, you believe, from 7.9% all the way to 10%. how so? >> well, simply it will cut spending in the economy. the wealthy will have less money to spend, but the government will likely be spending a lot less money as well because the republicans are going to want spending cuts. you co
with the fiscal cliff pr campaign. he is meeting with a middle class family in northern virginia, and the white house says the president is going to talk about his efforts to extend tax cuts for the middle class as part of this debt deal. well, some economists are predicting that the country will go into another recession if this debt deal is not reached. any deal that the lawmakers and white house come up with is also going to have a major impact, so joining us to talk a little bit about it,...
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a campaign-style event to sort of drum up support for what the white house wants to do on fiscal cliff. you know, the president after he won re-election essentially said i know lots of you didn't vote for me. i've listened to you. i take your concerns to heart and we're going to move forward. does that apply to congressional republicans, kristen? does he hear what john boehner has to say? does he internalize it? do we hear something acknowledging republican resistance to what he laid out today in pennsylvania or not? >> reporter: well, i think he certainly is hearing and listening to john boehner, but he also believes that he has the upper hand having just won re-election and this trip to pennsylvania today is sort of a larger pr campaign that the president and the white house have been embarking on to get voters, to pressure congressional republicans to get onboard with the president's plan of increasing taxes on wealthier americans. he's traveling to pennsylvania today. he has had had business leaders here at the white house, also leaders of the progressive movement to sort of build
a campaign-style event to sort of drum up support for what the white house wants to do on fiscal cliff. you know, the president after he won re-election essentially said i know lots of you didn't vote for me. i've listened to you. i take your concerns to heart and we're going to move forward. does that apply to congressional republicans, kristen? does he hear what john boehner has to say? does he internalize it? do we hear something acknowledging republican resistance to what he laid out today...
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proposal to avert the fiscal cliff. >> i don't know much about the government. is that a good sign if they make a proposal? >> when you do that to me, i know you're not taking me seriously, right? >> sometimes getting really stupid offers, also not polite. >>> plus, an update on the condition of the former president george h.w. bush. he had a health scare in houston yesterday. we're going to tell you how he's doing this morning. >>> but first let's get to the news live at 5:30 here at 30 rock in new york city. this morning, president obama departs to pennsylvania where he will continue his campaign sales pitch on how to solve the country's fiscal challenges. yesterday treasury secretary tim geithner met with republicans to unveil the white house's budget proposal which includes $1.6 trillion in new tax revenue over ten years as well as $50 billion in additional stimulus spending. with limited details on spending cuts, the gop's reaction, less than encouraging. senator mitch mcconnell reportedly burst into laughter while geithner was in the middle of outlining ob
proposal to avert the fiscal cliff. >> i don't know much about the government. is that a good sign if they make a proposal? >> when you do that to me, i know you're not taking me seriously, right? >> sometimes getting really stupid offers, also not polite. >>> plus, an update on the condition of the former president george h.w. bush. he had a health scare in houston yesterday. we're going to tell you how he's doing this morning. >>> but first let's get to the...
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i think you'll see something a lot different in the fiscal cliff negotiations from the white house than you saw in say the government shut down negotiations a year ago. you are going to see a much more campaigning, much more campaign-like president obama in the next month. jon: you know, some sort of even partial -- neutral observers are saying that the obama campaign won in part because they did a much better job of harnessing the power of social media in this election and driving their voters to the polls. if that succeeded for them in the election, can they do it when it comes to governing? can they make the country, you know, embrace tax increases, for instance. >> yeah it's a huge question. i think there are folks who think that it can work the same way. there are a lot of others who really question whether or not those sorts of tactics, and, you know, the list and voter contacts that ofa built in a campaign context, do they work on capitol hill and governing. there are some doubts there but i don't think there is any doubt that the white house has chosen this course and we are goi
i think you'll see something a lot different in the fiscal cliff negotiations from the white house than you saw in say the government shut down negotiations a year ago. you are going to see a much more campaigning, much more campaign-like president obama in the next month. jon: you know, some sort of even partial -- neutral observers are saying that the obama campaign won in part because they did a much better job of harnessing the power of social media in this election and driving their voters...
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cliff resolved, but yet we aren't seeing anything from the white house. we see some disingenuous moves like the one that was done today. last week it was oh, you guys go first, we're not going to put anything on the table until you vote for a tax increase. so many of us fear that the president's real plan here was to let us go over the cliff and blame the republicans, and that's what we look like we're being set up to do, and then if you go over the cliff, then two months later, a month later, the president can come back with a bill and say hey, we're going to now, since the republicans let everyone's taxes go up, i'm going to ride in here now, be the knight in shining armor and lower the taxes on the lower two brackets and of course, the republicans who one of our main values is lower taxes, would support something like that. >> congressman terry, that doesn't make any sense to me because while that sounds like logic, there's that other side of the fiscal cliff, all those horrible cuts that could plunge us into a depression and all the rest that no democ
cliff resolved, but yet we aren't seeing anything from the white house. we see some disingenuous moves like the one that was done today. last week it was oh, you guys go first, we're not going to put anything on the table until you vote for a tax increase. so many of us fear that the president's real plan here was to let us go over the cliff and blame the republicans, and that's what we look like we're being set up to do, and then if you go over the cliff, then two months later, a month later,...
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fiscal cliff scenario to play out, wolf. but as you point out when we look back over the last three years, we've had these kinds of negotiations, it at times appears very optimistic that things will get done, then both sides very far apart. but in the final hours they get a deal done. that's the hope that despite the rhetoric what you're hearing now that this deal will happen before the end of the year. >> all right. we can only hope that there will be a compromise, this fiscal cliff will be avoided. dan lothian, thank you. not everyone seems to think it would be such a bad idea to actually go over the fiscal cliff. just one day after the treasury secretary said the white house is absolutely prepared to do just that under certain circumstances a leading economist is echoing those sentiments. >> i would not come up with a deal unless it's a really good deal before the end of the year. i would take it into next year if that means you're going to get a better deal. >> let's bring in our senior congressional correspondent dana b
fiscal cliff scenario to play out, wolf. but as you point out when we look back over the last three years, we've had these kinds of negotiations, it at times appears very optimistic that things will get done, then both sides very far apart. but in the final hours they get a deal done. that's the hope that despite the rhetoric what you're hearing now that this deal will happen before the end of the year. >> all right. we can only hope that there will be a compromise, this fiscal cliff will...
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and you found that at the white house today where he gave a speech talking about the fiscal cliff, introducing the hashtag-- which is a way of grouping something-- my2k, which is a playoff of waoeubgt, ther of y2. he's saying if you don't do something you are going to have to pay as middle-class taxpayers, $2,000 allegedly. >> if congress doesn't stop the automatic tax hikes. >> brown: but this was in the context of a whole week where he's making his play, right? but doing it online? >> it's fascinating with the president of the united states building it around a twitter campaign, we've come to take that for granted but i did a little search for this my2k. on twitter. barack obama comes up second. you know what comes up first? the conservative heritage foundation which bought a promoted tweet, which means theirs goes to the top of the list and it says "four reasons why warren buffett" the ally of the white house on this "is wrong on tax hikes." >> but the interesting something that now any time anyone types up on twitter "my2k" which was a white house-created hashtag, you get the heritage foun
and you found that at the white house today where he gave a speech talking about the fiscal cliff, introducing the hashtag-- which is a way of grouping something-- my2k, which is a playoff of waoeubgt, ther of y2. he's saying if you don't do something you are going to have to pay as middle-class taxpayers, $2,000 allegedly. >> if congress doesn't stop the automatic tax hikes. >> brown: but this was in the context of a whole week where he's making his play, right? but doing it...
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on the fiscal cliff. we're iffing to bring it to you live as soon as he speaks. we'll take a quick break. what s with adding a friend... ♪ ♪ ...could end with adding a close friend. ♪ the lexus december to remember sales event is on, offering some of our best values of the year. this is the pursuit of perfection. offering some of our best values of the year. social security are just numbers thinkin a budget.d... well, we worked hard for those benefits. we earned them. and if washington tries to cram decisions about the future... of these programs into a last minute budget deal... we'll all pay the price. aarp is fighting to protect seniors with responsible... solutions that strengthen medicare and... social security for generations to come. we can do better than a last minute deal... that would hurt all of us. you won't just find us online, you'll also find us in person, with dedicated support teams at over 500 branches nationwide. so when you call or visit, you can ask for a name you know. because
on the fiscal cliff. we're iffing to bring it to you live as soon as he speaks. we'll take a quick break. what s with adding a friend... ♪ ♪ ...could end with adding a close friend. ♪ the lexus december to remember sales event is on, offering some of our best values of the year. this is the pursuit of perfection. offering some of our best values of the year. social security are just numbers thinkin a budget.d... well, we worked hard for those benefits. we earned them. and if washington...
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to avoid that fiscal cliff. ktvu's allison burn reports, republicans are calling this political theater. alison? >> reporter: dave, leaderpy low say is trying to use a procedural move to force a vote on -- leader pelosi is trying to use a procedural move to force a vote on the fiscal cliff. >> let the house vote. >> reporter: that was the plea from harry reid with negotiations going nowhere. he's calling on john boehner to let a senate bill come to the floor. it would raise taxes on the wealthiest 2% of americans but extend current tax rates for everyone else. the pressure is mounting on both sides. a new poll out this morning, a pew research polls show most americans would blame republicans in congress if we go over the fiscal cliff. alison burns, ktvu channel 2 news. >>> 8:13. right now, president obama is meeting at the white house with a bipartisan group of governors. reportedly, those governors asked for the meeting with the president. they want to urge president obama to work with congress on the solution
to avoid that fiscal cliff. ktvu's allison burn reports, republicans are calling this political theater. alison? >> reporter: dave, leaderpy low say is trying to use a procedural move to force a vote on -- leader pelosi is trying to use a procedural move to force a vote on the fiscal cliff. >> let the house vote. >> reporter: that was the plea from harry reid with negotiations going nowhere. he's calling on john boehner to let a senate bill come to the floor. it would raise...
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. >> i'm certain that if this is not good enough for the white house, we will go over the fiscal cliff. >> the white house rejects a republican counter offer. >> john boehner sent a proposal that offers more than $2 trillion in deficit reductions but no tax increase. >> he will not sign an extension of the bush era tax cuts for the top 2%. >> folks worried about the fiscal cliff, are you like me? are you worried about it and have no idea what it is? >> according to state tv iran's revolutionary guard captured a u.s. drone after it entered the iriranian air space over the persian gulf. >> but u.s. navy official says there are no missing drones. >> prince william and his wife katherine, expecting their first child. >> after the duchess was admitted to hospital. >> that child could grow up to be one of the most powerful unemployed people in the world. >> a search is under way in new york for a man accused of pushing another man to his death in the subway. >>> rg3, he made opportunities. >> 17-16 washington redskins. >> all that -- >> why don't you shut up? >> you are an embarrassment. >>
. >> i'm certain that if this is not good enough for the white house, we will go over the fiscal cliff. >> the white house rejects a republican counter offer. >> john boehner sent a proposal that offers more than $2 trillion in deficit reductions but no tax increase. >> he will not sign an extension of the bush era tax cuts for the top 2%. >> folks worried about the fiscal cliff, are you like me? are you worried about it and have no idea what it is? >>...
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>> i would say this, this fiscal inclusiver cliff, you have to use the weakness to buy. you're not chasing the strength. housing for sure, but i would also say go to where the companies reported in the third quarter, where did they deliver in the face of all this? who beat? >> where were they? >> starbucks, facebook, amazon, emare son electric, so there are several good companies doing goodening in the face of this. i'm not that crazy about special dividends. i would much rather see them invest in their business. >> so the techie companies, they're not going to do one-time dividends. what you're saying is don't chase that. >> yeah, you don't buy a stock because they're going to do the special dividends. >> would you by trying -- you mention emerson electric. >> we own that stock. we own caterpillar. we do own in eaton corp, they bought cooper, which is all about the grid. they just bought something they'll have 60% of their risens tied in new york america, where the growth is. >> so you're a bull. >> no i'm very selective on where i'm buying. i'm not naive to say the mar
>> i would say this, this fiscal inclusiver cliff, you have to use the weakness to buy. you're not chasing the strength. housing for sure, but i would also say go to where the companies reported in the third quarter, where did they deliver in the face of all this? who beat? >> where were they? >> starbucks, facebook, amazon, emare son electric, so there are several good companies doing goodening in the face of this. i'm not that crazy about special dividends. i would much...
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has made a counteroffer to the white house on the fiscal cliff and the endless conversation continues today with president obama giving his first post-election one on one interview here's a snippet i think reassured the man when will the two of you sit down in or around the you know i don't think that the issue right now that's to do with sitting in a room. there was plenty of that throughout the interview but do these twenty four seven deficit debates do you want to undermine perceptions of america and the dollars position in the international monetary system then they do to address the nation's growing debt real discuss uncle sam exorbitant privilege despite the budget woes and assess the competitive currency landscape plus the dollar fell against other currencies to a six week low this morning according to reuters which cited concerns over a fiscal cliff deal but what does the so-called dollar index really gauge when it comes to the greenbacks true value will break it down and word of the day and paying people to track the comings and goings of private corporate jets and the big wi
has made a counteroffer to the white house on the fiscal cliff and the endless conversation continues today with president obama giving his first post-election one on one interview here's a snippet i think reassured the man when will the two of you sit down in or around the you know i don't think that the issue right now that's to do with sitting in a room. there was plenty of that throughout the interview but do these twenty four seven deficit debates do you want to undermine perceptions of...
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fiscal cliff right now. for his part, the president travelled to pennsylvania today arguing congress should pass the middle class tax cuts right now set to expire on january 1st. but republicans say that's a no go. any deal needs to have tax cuts for everyone. i talked about a stand off earlier on a democratic senator that's been waying in behind the scenes. joining me now is senator max baucus, senator, a very busy week, not a lot of progress to show for it. as you well know now, republicans have soundly rejected the offer coming from the white house. even calling it absurd. this offer, do you view it as a serious offer? >> i do. i think we're in the initial stages. there are about 30 days left before the so-called cliff hits us. i think in about a week, we'll get down to serious negotiations. >> why a week? why not now? many would say we're way beyond opening bids. >> i agree, i think we should start talking now, the president and the speaker should do so, but for whatever reasons, it's a little slower. i
fiscal cliff right now. for his part, the president travelled to pennsylvania today arguing congress should pass the middle class tax cuts right now set to expire on january 1st. but republicans say that's a no go. any deal needs to have tax cuts for everyone. i talked about a stand off earlier on a democratic senator that's been waying in behind the scenes. joining me now is senator max baucus, senator, a very busy week, not a lot of progress to show for it. as you well know now, republicans...
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. >> so if the country falls off the fiscal cliff, 90% of all americans are going to feel the pinch. the average american house hoed will see taxes go up by more than $3,400. our next guest went to capitol hill and the white house today to do something about this. kristin, she is one of the co-founders of moms rising, an on-line group that add slow indicates for families. kristen, tell me about your group. you went to the hill today. you have a petition, and you got some teddy bears as well. what's the serious message behind this? >> well, moms rising has more than a million members across the country. moms who care about family economic security and care about our nation, and they sent in stories by the hundreds and hundreds and hundreds about how going off the fiscal cliff would impact them. today we went to congress, and we delivered those stories, in fact, to every member of congress saying don't put us in an un-bear-able situation. don't throw moms and families off a fiscal cliff. we need to act quickly to fix this situation for women and families and to end the bush era tax cut
. >> so if the country falls off the fiscal cliff, 90% of all americans are going to feel the pinch. the average american house hoed will see taxes go up by more than $3,400. our next guest went to capitol hill and the white house today to do something about this. kristin, she is one of the co-founders of moms rising, an on-line group that add slow indicates for families. kristen, tell me about your group. you went to the hill today. you have a petition, and you got some teddy bears as...
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in the fiscal cliff negotiations. let's take a look at the gop offer. this is their version. it cuts $2.2 trillion from the deficit over ten years. that number also includes entitlement reforms raising the age for social security and medicare and so forth as well as $800 billion that they say they would throw into the pot in new tax revenue that would come from tax reform, from cutting tax loopholes and the like. joined now, very pleased to have with us california republican ken mccarthy, the house majority whip. congressman, welcome. good to see you this morning. >> thanks for having me. martha: so you put your number out there, you know, all kinds of response across the board this morning saying that it is, you know, equally laughable, ridiculous. there's no way that the white house is going to counter that offer. what do you think about that? >> well, i think that's sad, because think about what this president said when he campaigned. he said he wanted a balanced approach. he said he wanted 800 billion in revenue a
in the fiscal cliff negotiations. let's take a look at the gop offer. this is their version. it cuts $2.2 trillion from the deficit over ten years. that number also includes entitlement reforms raising the age for social security and medicare and so forth as well as $800 billion that they say they would throw into the pot in new tax revenue that would come from tax reform, from cutting tax loopholes and the like. joined now, very pleased to have with us california republican ken mccarthy, the...
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there may be an opportunity here for mitt romney to come out and talk about the fiscal cliff or saying we must avoid falling off it towards something that could be helpful to the white house in the end. i remember back in 2008 it was john mccain that met with president obama. they met in his office in chicago. not at the white house. it seemed like that was the beginning, potentially of two leaders really working together. we have since seen that deteriorate. >> we can't judge personal kem tri. i think barack obama has more at stake in this lunch in the end than mitt romney. if obama can get romney to say something positive about moving a health care agenda forward after all obama care was built on the backs of romney care. if he can say something about the fiscal cliff, the president can gain some bipartisan credibility. it's also the right thing to do. the real tradition of this is started in 1960 with kennedy meeting nixon in florida, and since then it's pretty much pro forma. what is 50-50 is whether a friendship gets developed out of this kind of lunch. >> this is the kind of thin
there may be an opportunity here for mitt romney to come out and talk about the fiscal cliff or saying we must avoid falling off it towards something that could be helpful to the white house in the end. i remember back in 2008 it was john mccain that met with president obama. they met in his office in chicago. not at the white house. it seemed like that was the beginning, potentially of two leaders really working together. we have since seen that deteriorate. >> we can't judge personal...
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the white house fiscal cliff package. the white house's proposal to avoid the big tax hikes and spending cuts that are going to happen in january, unless something is done. that proposal has come under heavy criticism from republicans who say wasn't serious. how speaker john boehner said he was flabbergasted. mitch mcconnell reportedly laughed out loud and in this debate over reducing the debt, the president is pushing for an additional $255 billion in spending. he wants those higher taxes to spend more, which is leading to some criticism. joining me now is brad blakeman, the former deputy to george w. bush. and chairman of the south carolina democratic party. a deal that is all about the republicans desire to cut back on the debt and deficit -- why would the president be proposing $255 billion in war spending? >> well, he's not. what he is proposing is shifting spending priorities. after those cuts, shifting priorities, and by the way -- this is infrastructure development. this is to make sure that people who have gone t
the white house fiscal cliff package. the white house's proposal to avoid the big tax hikes and spending cuts that are going to happen in january, unless something is done. that proposal has come under heavy criticism from republicans who say wasn't serious. how speaker john boehner said he was flabbergasted. mitch mcconnell reportedly laughed out loud and in this debate over reducing the debt, the president is pushing for an additional $255 billion in spending. he wants those higher taxes to...
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. >>> how the fiscal cliff maybe the single biggest threat to house. tell you how, coming up. and we can save you 10% on ground shipping over the ups store. look this isn't my first christmas. these deals all seem great at the time... but later... [ shirt ] merry christmas, everybody! not so much. ho ho ho! this isn't that kind of deal. [ male announcer ] break from the holiday stress. save on ground shipping at fedex office. ♪ [ male announcer ] 'tis the season to discover the kid in all of us. enjoy free shipping and great values on your holiday shopping from l.l. bean. >>> street streit talk time, five stocks that you need know about. get to t metro pcs what is happening? >> falling. sprint up likely to make a counteroffer for metro pcs. sprint is focused on closing the soft bank rather than making a pcs bid. met rose pcs agreed to be taken over by deutsche telekom in october and then sprint a deal for metro pcs, all convoluted from a regulatory perspective. david faber said same thing weeks ago but the stock moving on the that reuters report. >> big lots the next one up.
. >>> how the fiscal cliff maybe the single biggest threat to house. tell you how, coming up. and we can save you 10% on ground shipping over the ups store. look this isn't my first christmas. these deals all seem great at the time... but later... [ shirt ] merry christmas, everybody! not so much. ho ho ho! this isn't that kind of deal. [ male announcer ] break from the holiday stress. save on ground shipping at fedex office. ♪ [ male announcer ] 'tis the season to discover the kid...
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how to resolve the fiscal cliff crisis. listen to this. >> we also need to engage in entitlement reform. medicare, medicaid carefully. these are cheap drivers of our deficit. we made progress with obama care. there's more we need to do. >> we need to engage and the white house is acknowledging this. do you not go along with the president? >> yes, sometimes i disagree with the president. >> yes, that is true. >> but if we are talking about making medicare more efficient, lowering the cost of prescription drugs to medicare, that's a reform along with their other reforms. >> how about this reform, raising the eligibility for medicare from 65 to 67 over several years? >> no. >> why not? >> why not? because there are working people out there who have have worked 40, 50 years they are in construction, waiters, waitresses and they have worked their entire lives and they are exhausted and they should not be asking to work to 67 to get health care. >> people are living much longer than they were in the '60 when the 65-year limit cam
how to resolve the fiscal cliff crisis. listen to this. >> we also need to engage in entitlement reform. medicare, medicaid carefully. these are cheap drivers of our deficit. we made progress with obama care. there's more we need to do. >> we need to engage and the white house is acknowledging this. do you not go along with the president? >> yes, sometimes i disagree with the president. >> yes, that is true. >> but if we are talking about making medicare more...
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the fiscal cliff. guess what, the white house rejected it, calling the gop proposal unbalanced and not serious. translation? no tax hikes on the wealthy so democrats said forget about it. we thought you should take a look. it totals $2.2 trillion in deficit reduction over ten years. the part that stood out to us was $600 billion in proposed savings in medicare reforms. how? in part by raising the age of eligibility to 65 to maybe 67. turning down the gop proposal, dan pfieffer said, quote, it provides no details on which deductions they would eliminate, which loopholes they will close or which medicare savings they would achieve." let's head now to the white house and dan lothian. the white house will not offer a counter proposal, right? what's going on here? >> reporter: well, you know, i think the white house is digging in. the president said early on in this process that he would only sit down and really move forward, negotiate on this in any meaningful way if the tax hikes for the wealthy expired.
the fiscal cliff. guess what, the white house rejected it, calling the gop proposal unbalanced and not serious. translation? no tax hikes on the wealthy so democrats said forget about it. we thought you should take a look. it totals $2.2 trillion in deficit reduction over ten years. the part that stood out to us was $600 billion in proposed savings in medicare reforms. how? in part by raising the age of eligibility to 65 to maybe 67. turning down the gop proposal, dan pfieffer said, quote, it...
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on "inside washington," heading towards the fiscal cliff. who is going to blink first? >> nobody can win everything. the republicans will have to give on revenue, democrats will have to give on entitlement reform. >> susan rice still in the bull's-eye. >> the concerns i have are greater today than before. >> lunch at the white house whitemitt. who will dare to break the no tax hike pledge? >> republicans who voted against the no tax hike pledged damage the brand for everyone else. captioned by the national captioning institute --www.ncicap.org-- >> thomas jefferson said the purpose of government is to enable the people of the nation to live in safety and happiness. jefferson said americans would be ok if they could keep the government from wasting their labors under the pretense of taking care of them. what is your government doing for you today? is it preparing to drive itself over a cliff like thelma and louise? >> despite the claim that the president supports a balanced approach, the democrats have yet to get serious about real spending c
on "inside washington," heading towards the fiscal cliff. who is going to blink first? >> nobody can win everything. the republicans will have to give on revenue, democrats will have to give on entitlement reform. >> susan rice still in the bull's-eye. >> the concerns i have are greater today than before. >> lunch at the white house whitemitt. who will dare to break the no tax hike pledge? >> republicans who voted against the no tax hike pledged damage...
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he says there is 2/3 chance they will go off the fiscal cliff. that is not what the markets want to hear, jon. jon: not at all. ed henry at the white house. if jay carney relents and let you into the meeting give us a shot. we'll be on air. >> reporter: i will give you a copy of the menu. jon: please do, thanks. jenna: we'll forget about politicians just for a moment. i promise we'll return there surely over the next couple hours. let's talk about some renewed private sector pushing to really slash the federal budget. a group called citizens against government waste is calling for nearly $2 trillion in cuts the next five years. doug mckelway is live with the story. doug, how realistic is that goal? >> reporter: how realistic is the goal? not realistic at all. let's be honest about this. at least it is a benchmark we can strive for. citizens against government waste went through the federal budget, they identified $392 billion in cuts. $1.8 trillion in cuts over next five years. which totals 11% of the federal budget, none which touches the most c
he says there is 2/3 chance they will go off the fiscal cliff. that is not what the markets want to hear, jon. jon: not at all. ed henry at the white house. if jay carney relents and let you into the meeting give us a shot. we'll be on air. >> reporter: i will give you a copy of the menu. jon: please do, thanks. jenna: we'll forget about politicians just for a moment. i promise we'll return there surely over the next couple hours. let's talk about some renewed private sector pushing to...